fars_aswad
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good things are:
u got access to funds more readily
bad things:
your financial liability is increased
you are vulnerable to debts, cos u may spend more having 4
people often get mistaken the credit cards as an asset, which are not. indeed you owe the bank money
solution:
you better have one or two and transfer the balance from the other two to the first two. |
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Marian K. (siliconvalleymom.com)
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Good - if you use them wisely, pay the bills regularly then it will only increase your credit scores.
Bad - It is difficult to keep track of expenses, when your bills are due and credit card fraud. Plus if there is a yearly fee (which if imposed is usually around $50 per card) it will cost you money. |
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ali z
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bad |
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Total morons! With nothing 2 do.
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Bad: You will probably end up paying the minimum balance on all of them. And NEVER be able to pay them off.
Good: You can charge whatever you want....which hooks into the bad! |
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grannywinkie
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There is only bad. You can get yourself into so much debt extremely fast that you will end up without anything. If you use them, pay them off every month. You can use one for emergencies and that one may be paid in monthly installments. |
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S T
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Depends on the balance on each. You can have several
credit cards as long as you don't over use them. Try to pay
them in full every month. If you can't, than get rid of three of
them and concentrate paying off the other one before it gets
out of hand. Credit cards are great as long as you use them
and don't let them use you. |
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Arlene G
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Bad or Good depends only on you.
Good - you may have 4 different credit cards, say, one -for traveling, second - for purchases, third - for fueling at gas station and fourth - oo-oof, just in case. Use them wisely and they will bring only benefits and convenience!
Bad - You may fall into debts 4 times faster, and it will be more difficult to repay them.
But I am repeating myself: both of the characteristics depends only on YOU Good luck! |
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xbluebellax
 |
Bad -hard to keep track of payment dates. I would suggest having your minimum payment deducted from your checking account automatically if possible. Not the whole amount because you don't want to run into overdraft fees, but enough to avoid those $30 late fees.
Good - having multiple accounts in good standing shows responsibility and good finance management. And this can raise your score....so does having low usage on your total limit. So, if you can manage it, great. If you find you can't after a few months, then either close the lowest limit accounts or just cut up some of the cards but certainly not all of them.
I have four cards, so I had the same questions when applying for numbers three and four. Now, I have one card that I use for my parents' purchases, two cards that have one thing automatically billed to them and these are set up on manual payment. And then the one card that I actually look at at the end of the month and pay from my own pocket. So I find this works well. The lowest limit cards have the one thing billed on each and I keep them at home...so if my wallet is ever stolen again, I have those to work with. |
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hot sexy lips
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good- you have 4 credit cards so easy to buy lot of things.
bad - you have so many cards so how you will pay off ?? |
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